Blockchain won’t help the UK to go P2P

Legal and practical problems mean blockchain is unlikely to change the UK’s grid, writes energy expert

Blockchain network

The UK electricity industry’s revolutionary change to an egalitarian, distributed peer-to-peer smart grid continues to recede into the future. Blockchain has been touted as the latest key technology to support P2P trading. However, closer inspection of distributed ledger technology (DLT) reveals some serious legal and technical disconnects between the aspirations of blockchain’s proponents, the legacy rules of centralised balancing and settlement systems, and the European Union’s new General

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